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If youre looking to trade options, or even if youre just curious about what options are, youve come to the right place. By the end of this video, youll understand how options work, and know how to place your first options trade on the thinkorswim trading platform. Were going to walk you through step-by-step on how to place your first options trade. Options arent for everyone, but for those with the risk tolerance and time to learn, theyre a highly customizable and powerful instrument that can allow you to potentially profit in any market conditions-- up, sideways, or down. With options, you can do things like speculate, hedge, or generate income. You can also place trades with a wide range of risk levels and probability of success. Heres what well cover when it comes to options. First, well dig into what options are and how they work. Next, well walk through a basic option trading strategy: the covered call. And then, Ill show you how to place your first options trade on th